September 23, 2010 12:12 ET

DIOS to Drill 15-20 Holes in the Shipshaw Carbonatite Complex This Fall

MONTREAL, QUEBEC, CANADA--(Marketwire - Sept. 23, 2010) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) is planning a further 15 to 20 drill holes in the Shipshaw Carbonatite Complex this Fall, located seven kilometers from Niobec niobium mine and ferro-niobium facilities owned by IAMGOLD, Saguenay, Quebec. 

Work completed to date by DIOS confirms the discovery of a sister complex to Niobec, its footprint bearing several similarities with Niobec. At least 15-20 drill holes are planned to evaluate the potential for niobium, tantalum and rare earths in the Shipshaw Sheeted Dyke Complex of DIOS. The purpose of the drill program is to check if one the Sheeted Dykes (ring like) contains economic quantities of rare earths, niobium or tantalum. Exploration work by DIOS is at the same stage as Niobec a few months after discovery.

The carbonatite deposit model DIOS is looking for is of the same sheeted dyke complex type as Niobec's carbonatite, that is sheet horizon alternation. The Niobec discovery was first made through the center of the complex, a rare earth carbonatite, and then, with the help of extensive drilling, niobium bearing zones were established in economical quantities, in one of the horizons surrounding the rare earth core. Advanced interpretation of the detailed geophysical survey completed by DIOS will help locate these sheeted horizons to drill at Shipshaw.

Please visit DIOS at booth 711 at the Investment Conference held at the Toronto Convention Center over the week end.

This press release was prepared by Marie-Jose Girard, M.Sc., P.Geo, and a Qualified Person pursuant to National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

    Marie-Jose Girard,
    President & CEO
    514-510-7962 or 514-483-5149
    514-510-7964 (FAX)